Branford Castle Partners, a New York-based private equity firm, through its affiliate Branford Castle Partners II LP, has acquired GPT Industries, a manufacturer of pipeline sealing and electrical isolation products, from EnPro Industries.
Based in Denver, Colo., GPT produces flange isolation kits (FIKs) and monolithic isolation joints (MIJs) for oil, natural gas and water pipeline applications globally. The company’s engineered products aim to prevent the causes of pipeline failures and protect against potential explosions.
“We are excited to partner with Darin [Lane] and the GPT leadership team and help them expand their products into new markets and geographies,” comments David Castle, managing partner of Branford Castle. “We believe the Company’s technological leadership and established reputation of quality and reliability make it well-positioned for future growth.”
Branford Castle was advised by its legal counsel, Akerman LLP. EnPro Industries was advised on the sell-side by Capstone Partners, and its legal counsel, Robinson Bradshaw & Hinson PA. Capital Southwest Corp. and IBC Funds are providing the debt financing for the transaction.